28 days on rocket

1340 NW 60th St, Miami, FL, 33142

$490,000

Home List Price

$5,819*

Closing Credit

0 Baths
1,260 SqFt
$389/SqFt
Multi
Schools Nearby

Location

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1340 NW 60th St, Miami$490,000

Buyer Closing Credits

$5,819*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
Year Built1961
HeatingCentral
CoolingCentral Air
MLS #A11554043
StatusActive

About 1340 NW 60th St

Perfect property to add to a seasoned or new investor portfolio!!!! 4/2 Duplex in the heart of Allapattah. Each unit has a private entrance. Property is fenced for child safety. Rents are below market value which leaves room for increased income. Tenant in unit #2 has been issued a 60-day notice. Both units are Section 8 Housing Vouchers. DO NOT DISTURBE TENANTS!! Cap Rate is 5.2% with room for growth. Minutes from the Shops of Midtown, Miami Beach and Downtown Miami.

Property Details

Property Features

Property Information:

  • Year Built: 1961
  • Stories: 1
  • Living Area: 1,260 SqFt

Listing Office:

  • Office Name: Grant and Associates Real Estate INC
  • Office Phone: (754) 701-0275
  • Listing Agent: Kenneth Grant III

Interior Features

Interior Information:

  • Flooring Type: Tile

Virtual/3D Tour

  • Virtual Tour: 1340 NW 60th St

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Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Miami Northwestern Senior High School, Public Magnet Grades 9-12
  • Brownsville Middle School, Public District Grades 6-8
  • Lenora Braynon Smith Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: I-95 to 62nd Street. Go West to 12th Avenue. Go South to 60th Street. Property is located on the Southside of the street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $490,000
  • Price Per SqFt: $389/SqFt

Tax Information:

  • Annual Amount: $1,514
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Miami, FL.

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Miami, FL

City

Med. Sold Price

$540K

Med. Price/SqFt

$380

Avg. Days On Market

59

# of Sold Homes

883

1340 NW 60th St vs Miami

28 DAYS ON ROCKET

-31 Days

$490,000

-$50K Less

$389/SqFt

+$9 More

KEY TAKEAWAY

This property is $50K less than the Median Sold Price and $9/SqFt more than other homes in Miami, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11554043

Listing Office:

  • Office Name: Grant and Associates Real Estate INC
  • Office Phone: (754) 701-0275
  • Listing Agent: Kenneth Grant III

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/19/2024, 6:25:15 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$1,514$81,141
2018$1,332$57,277
2017$1,240$47,643

History based on county public records data.

Payment Calculator

$2,513

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,536

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-682541
5
/10

  • Lenora Braynon Smith Elementary School

  • 4700 NW 12th Ave

  • 0.83 miles

  • Public District Grades PK-5

Middle School

school-card-donut-682542
2
/10

  • Brownsville Middle School

  • 4899 NW 24th Ave

  • 1.25 miles

  • Public District Grades 6-8

High School

school-card-donut-682543
3
/10

  • Miami Northwestern Senior High School

  • 1100 NW 71st St

  • 0.66 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $20,524. Residents of Miami, FL typically earn less than $35k each year. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Living In Liberty City East, Miami

What type of housing is available in Liberty City East, Miami?

Roughly two thirds of the population of this neighborhood rent their home and the rest are owners. In this neighborhood, about 45% of buildings are single detached homes, while large apartment buildings, small apartment buildings, and duplexes make up most of the remaining housing stock. A majority of the housing growth in this area happened before the 1960s. This neighborhood offers mainly three bedroom and two bedroom homes.

Is Liberty City East, Miami a good place to live?

Home buyers who prefer a relaxed environment will enjoy Liberty City East. It is easy to reach parks in the neighborhood since there are a few of them close by for residents to check out. This area is also good for those who prefer a quiet atmosphere, as there are low levels of noise from traffic - however some parts can be quite loud, especially near Interstate 95 or the railway line.

Are things conveniently located in Liberty City East, Miami?

Locals will appreciate that no matter where their home is located in Liberty City East, both primary and secondary schools are nearby. Besides public schools, there are private elementary and secondary schools. With respect to eating, it is very easy to reach both a general and a specialty grocery store by walking from most homes for sale in Liberty City East. Additionally, those who appreciate eating in restaurants or cafes will have a fair number of options in this part of Miami. A reasonable choice of clothing stores can also be found within a rather short walking distance.

What does the transportation in Liberty City East, Miami look like?

Travelling on foot is very convenient for property owners in Liberty City East; meeting day-to-day needs is easy by walking, and there are also a fair number of businesses close by. Driving is a fairly good transportation option in this neighborhood. Many properties for sale are a short car ride from the nearest highway, such as Interstate 95, and it is easy to park. In contrast, Liberty City East is not especially transit friendly. Thankfully, house owners are served by a few bus lines, and bus stops are not very far-removed from most homes.

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Rocket Homes›Florida›Miami-Dade County›Miami›33142›1340 NW 60th St

This home is located at 1340 NW 60th St in Miami, FL and zip code 33142 in the Liberty City East neighborhood. This 1,260 square foot home was built in 1961. It has been listed on Rocket Homes since March 22, 2024 and is currently priced at $490,000.

In March 2024 more than 115 listings in Miami, FL were sold above the asking price. During the same period more than 149 listings were sold at asking price, while more than 619 were sold below. The inventory of homes for sale in Miami, FL between February 2024 and March 2024 increased by 9.1%. In March 2024, listings were on the market for 59 days. During the same period, the median list price in this real estate market was $540,091.

From Rocket Homes Real Estate and based on county public records data.

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